Safety Insurance Group (SAFT) Declares $0.90 Quarterly Dividend; 4.7% Yield

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Safety Announces Second Quarter 2021 Results and Declares Third Quarter 2021 Dividend

August 4, 2021 4:05 PM EDT

BOSTON--(BUSINESS WIRE)-- Safety Insurance Group, Inc. (NASDAQ: SAFT) (the Company) today reported second quarter 2021 results.

Net income for the quarter ended June 30, 2021 was $37.7 million, or $2.49 per diluted share, compared to net income of $42.5 million, or $2.78 per diluted share, for the comparable 2020 period. Net income for the six months ended June 30, 2021 was $73.8 million, or $4.93 per diluted share, compared to net income of $40.5 million, or $2.64 per diluted share, for the comparable 2020 period. Non-generally accepted accounting principles (non-GAAP) operating income, as defined below, for the quarter ended June 30, 2021 was $1.85 per diluted share, compared to $1.95 per diluted... More